-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TC8mSbr1Ay5+BNaBLRuP9QETQSTLtcpo4IKpka8qB9h7O4zeWbKZsepGkmngmcK+ k0+9ffZII9SouPcnnt1spg== 0001068238-10-000199.txt : 20100601 0001068238-10-000199.hdr.sgml : 20100531 20100601171730 ACCESSION NUMBER: 0001068238-10-000199 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100601 DATE AS OF CHANGE: 20100601 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OCEANFREIGHT INC. CENTRAL INDEX KEY: 0001395593 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 000000000 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82847 FILM NUMBER: 10870566 BUSINESS ADDRESS: STREET 1: 80 KIFISSIAS AVENUE CITY: ATHENS 15125 STATE: J3 ZIP: 00000 BUSINESS PHONE: (011)(30) 210 614 02 MAIL ADDRESS: STREET 1: 80 KIFISSIAS AVENUE CITY: ATHENS 15125 STATE: J3 ZIP: 00000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KANDYLIDIS, ANTONIS CENTRAL INDEX KEY: 0001445315 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 80 KIFISSIAS AVENUE STREET 2: GR ? 151 25 AMAROUSSION CITY: ATHENS STATE: J3 ZIP: 0000000000 BUSINESS PHONE: 011-30-210-614-0283 MAIL ADDRESS: STREET 1: 80 KIFISSIAS AVENUE STREET 2: GR ? 151 25 AMAROUSSION CITY: ATHENS STATE: J3 ZIP: 0000000000 SC 13D/A 1 schedule13da.htm schedule13da.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
SCHEDULE 13D/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
 
OceanFreight Inc.
(Name of Issuer)
 
Common Stock, par value $0.01
(Title of Class of Securities)
 
Y64202107
(CUSIP Number)
 
Antonis Kandylidis
80 Kifissias Avenue
GR – 151 25 Amaroussion
Athens, Greece
011-(30) 210 614 0283

                                      May 28, 2010                                     
(Date of Event Which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: o
 
 
 
 
 
 
 
 
 
SCHEDULE 13D
 
 CUSIP NO. Y64202107    Page 2 of 8 Pages
 
1
Name of Reporting Person:
   
 
Antonis Kandylidis
   
2
Check the Appropriate Box if a Member of a Group
(a) x
   
(b) o
     
3
SEC Use Only
   
4
Source of Funds:  WC, OO
   
5
Check if Disclosure of Legal Proceedings is Required Pursuan to Item 2(d) or 2(e)
o
   
6
Citizenship or Place of Organization:  Greece
   
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
Sole Voting Power:
  
 
0
  
     
8
Shared Voting Power:
  
 
55,080,000*
  
     
9
Sole Dispositive Power:
  
 
0
  
     
10
Shared Dispositive Power:
  
 
55,080,000*
  
     
11
Aggregate Amount Beneficially Owned by Each Reporting Person:
  
 
55,080,000*
  
     
12
Check if the Aggregate Amount in Row 11 Excludes Certain Shares (See Instructions)
o
     
13
Percent of Class Represented by Amount In Row 11:
  
 
30.3%
  
     
14
Type of Reporting Person:
  
 
IN
  
     
 
* Mr. Kandylidis may be deemed to beneficially own 52,000,000 of these shares through Basset Holdings Inc., a Marshall Islands company of which he is the controlling person.  Mr. Kandylidis may be deemed to beneficially own the remaining 3,080,000 shares through Steel Wheel Investments Limited, a Marshall Islands company of which he is also the controlling person.
 
 
 
 

 
 
 
 
 
SCHEDULE 13D
 
 CUSIP NO. Y64202107    Page 3 of 8 Pages
 
1
Name of Reporting Person:
   
 
Basset Holdings Inc.
   
2
Check the Appropriate Box if a Member of a Group
(a) x
   
(b) o
     
3
SEC Use Only
   
4
Source of Funds:  WC
   
5
Check if Disclosure of Legal Proceedings is Required Pursuan to Item 2(d) or 2(e)
o
   
6
Citizenship or Place of Organization:  Republic of the Marshall Islands
   
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
Sole Voting Power:
  
 
0
  
     
8
Shared Voting Power:
  
 
52,000,000
  
     
9
Sole Dispositive Power:
  
 
0
  
     
10
Shared Dispositive Power:
  
 
52,000,000
  
     
11
Aggregate Amount Beneficially Owned by Each Reporting Person:
  
 
52,000,000
  
     
12
Check if the Aggregate Amount in Row 11 Excludes Certain Shares (See Instructions)
o
     
13
Percent of Class Represented by Amount In Row 11:
  
 
28.6%
  
     
14
Type of Reporting Person:
  
 
CO
  
     

 
 
 
 
 
 
 
 
 
SCHEDULE 13D
 
 CUSIP NO. Y64202107    Page 4 of 8 Pages
 
15
Name of Reporting Person:
   
 
Steel Wheel Investments Limited
   
16
Check the Appropriate Box if a Member of a Group
(a) x
   
(b) o
     
17
SEC Use Only
   
18
Source of Funds:  OO
   
19
Check if Disclosure of Legal Proceedings is Required Pursuan to Item 2(d) or 2(e)
o
   
20
Citizenship or Place of Organization:  Republic of the Marshall Islands
   
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
21
Sole Voting Power:
  
 
0
  
     
22
Shared Voting Power:
  
 
3,080,000
  
     
23
Sole Dispositive Power:
  
 
0
  
     
24
Shared Dispositive Power:
  
 
3,080,000
  
     
25
Aggregate Amount Beneficially Owned by Each Reporting Person:
  
 
3,080,000
  
     
26
Check if the Aggregate Amount in Row 11 Excludes Certain Shares (See Instructions)
o
     
27
Percent of Class Represented by Amount In Row 11:
  
 
1.7%
  
     
28
Type of Reporting Person:
  
 
CO
  
     

 
 
 
 
 
 
 
 
SCHEDULE 13D
 
 CUSIP NO. Y64202107    Page 5 of 8 Pages
 
This Amendment No. 3 amends the Schedule 13D (the “Schedule 13D”) filed with the Securities and Exchange Commission on September 17, 2008, by the reporting persons identified herein.
 
Item 5  Interest in Securities of the Company.
 
As of the date hereof, Antonis Kandylidis may be deemed to be the beneficial owner of 55,080,000 shares, or 30.3% of the outstanding shares, of the common stock of OceanFreight Inc., based upon 181,800,001 shares outstanding as of June 1, 2010. Antonis Kandylidis has the sole power to vote or direct the vote of 0 shares; has the shared power to vote or direct the vote of 55,080,000 shares; has the sole power to dispose or direct the disposition of 0 shares; and has shared power to dispose or direct the disposition of 55,080,000 shares.
 
As of the date hereof, Basset Holdings Inc. may be deemed to be the beneficial owner of  52,000,000 shares, or 28.6% of the outstanding shares, of the common stock of OceanFreight Inc., based upon 181,800,001 shares outstanding as of June 1, 2010. Basset Holdings Inc. has the sole power to vote or direct the vote of 0 shares; has the shared power to vote or direct the vote of 52,000,000 shares; has the sole power to dispose or direct the disposition of 0 shares; and has shared power to dispose or direct the disposition of 52,000,000 shares.
 
As of the date hereof, Steel Wheel Investments Limited may be deemed to be the beneficial owner of 3,080,000 shares, or 1.7% of the outstanding shares, of the common stock of OceanFreight Inc., based upon 181,800,001 shares outstanding as of June 1, 2010.  Steel Wheel Investments Limited has the sole power to vote or direct the vote of 0 shares; has the shared power to vote or direct the vote of  3,080,000 shares; has the sole power to dispose or direct the disposition of 0 shares; and has shared power to dispose or direct the disposition of  3,080,000 shares.
 
On May 25, 2010, Basset Holdings Inc. and OceanFreight Inc. entered into a Stock Purchase Agreement, pursuant to which Basset Holdings Inc. acquired 50,000,000 shares of common stock of OceanFreight Inc. effective  May 28, 2010 at a price of 40 cents (US$ 0.40) per share.
 
Item 6.   Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
 
See Item 5 above.
 
Item 7.   Material to Be Filed as Exhibits
 
Exhibit A: Agreement between the Reporting Persons to file jointly
Exhibit B: Schedule of transactions in the shares
 
 
 
 
 

 
 
 

SCHEDULE 13D
 
 CUSIP NO. Y64202107    Page 6 of 8 Pages
 
SIGNATURES
 
After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
 
Date:  June 1, 2010
 
 
   /s/ Antonis Kandylidis        
   Antonis Kandylidis*
   
   
   
   BASSET HOLDINGS INC.*
   
   
   By: /s/ Ioannis Cleanthous      
   Name: Ioannis Cleanthous
   Title: Sole Director
   
   
   
   STEEL WHEEL INVESTMENTS LIMITED*
   
   
   By: /s/ Ioannis Cleanthous      
   Name: Ioannis Cleanthous
   Title: Sole Director
 
* The reporting persons disclaim beneficial ownership in the shares except to the extent of their pecuniary interest therein.
 
 
 
 
 
 
 
 
 
 

SCHEDULE 13D
 
 CUSIP NO. Y64202107    Page 7 of 8 Pages
 
Exhibit A
 
The undersigned agree that this Schedule 13D/A, dated June 1, 2010, relating to the common stock of OceanFreight Inc. shall be filed on behalf of the undersigned.
 
   /s/ Antonis Kandylidis        
   Antonis Kandylidis
   
   
   
   BASSET HOLDINGS INC.
   
   
   By: /s/ Ioannis Cleanthous      
   Name: Ioannis Cleanthous
   Title: Sole Director
   
   
   
   STEEL WHEEL INVESTMENTS LIMITED
   
   
   By: /s/ Ioannis Cleanthous      
   Name: Ioannis Cleanthous
   Title: Sole Director
 
 
 
 
 
 
 
 
 
 
SCHEDULE 13D
 
 CUSIP NO. Y64202107    Page 8 of 8 Pages
 
Exhibit B
 
Schedule of Transactions
 
 
 
 
Date
 
Number of
Common Shares Purchased*
 
Price Per
 Common Share
 
Total Sale Price
 
  
 
05/28/2010
50,000,000
US$ 0.40
US$ 20,000,000.00
  
           
           
           
           
           
 
*As described in Item 5 of this Schedule 13D/A
 
 
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